The average UK pensioner household pays out 29 per cent of its income in retirement to the taxman annually nearly £42bn.

On an average £20,130, per yr pension, £5,864 paid out in tax, direct and indirect taxes including VAT& Council tax. Pensioners on basic income pay 42 per cent in taxes.

People aged 65 and over in the UK last year contributed £61bn to the economy through employment, informal caring and volunteering

Unpaid and Community Contributions

Informal Caring: Estimated value of £11.4 billion provided via unpaid care for family members.

Childcare Support: Grandparents and older carers provide regular childcare valued at around £6.6 billion.

Volunteering: Formal and informal volunteering efforts contribute nearly £6 billion in economic and social value.

Fiscal Context and Spending

Benefit Expenditure: The government spends over £175 billion annually on pensioner benefits (predominantly the State Pension), accounting for roughly 5.8% of GDP.

Net Value Comparison: The direct economic output from older workers alone (£60B+) dwarfs major public budget lines, equalling roughly four times the annual cost of implementing the Triple Lock mechanism.

From a Pensioner.

In 2024, Age UK’s Chief Economist’s report highlighted the significant economic contributions of older people, with a focus on employment, informal caring, childcare, and volunteering, totalling £61 billion. With addition contributions to offspring, Chancellor of the exchequer and charity contributions approx. £25 billion gives a total £86 billion.

There are now more than 10 million people in the UK aged 65 and over, with a growing number of them working.

Knowledge, Skill, and Energy: Older people bring a great deal of knowledge, skill, and energy to the workforce and as volunteers.

Government spending on the state pension in 2024-25 is forecast to total £220 billion.

In 2024, pensioners contributed significantly to the British economy through spending and investments, with the total value of taxable payments withdrawn flexibly from pensions exceeding £87.6 billion since 2015.

At the start of 2025, the market value of private sector defined benefit and hybrid (DBH) pension schemes was £1.178 trillion. (Yes, a thousand billion is a trillion). Two and half of this amount would take Britian with a National Debt estimated to be £2.79 trillion out of debt for the first time since 1890. All down to pensioners and their thrift and diligence in handling money.

Davos 18 July 23

Klaus Schwab Founder and Chairman World Economic Forum.

Harvard Student, mentor Henry Kissinger, mater David Rockefeller.

b.1938 Upper middle class. Father’s firm Escher Wyss, slave labour used 1938 to 1945 making ammunitions and heavy industrial components including development equipment for nuclear weapons.

KS. Quote; No one will own property by 2030 but will be happy.

Bank account should be monitored for subversive individuals, jab refusers, non-conformists to religious doctrine and any rebels made non-persons (reflections of Germany in the 1930s).

Guests at this year’s conference (£19,000 a seat by invite only) Sir Keith Starmer and Rachel Reeves plus other UK middle and upper class influencers.

Tony Blair’s company (Tony also guest at the conference)

We’re a global team of political strategists, policy experts, delivery practitioners, technology specialists and more. We’re from the public, private and tech sectors. We come from over 50 different countries and speak over 45 languages. We are united in our desire to make the world a better place and our optimism that it can be done. If you’re a dynamic changemaker who shares our vision, there’s room at our table for you.

750+ Staff creating change.  30+ Countries we’re making an impact in. 50+ Bold partners in action.

Talk about Brain Fog it sound all Tsunami Fog

Those of us 80yr olds need reminding of Christopher Lee in the ‘AVENGERS ‘ 1967 Never Never Say Die. Same hype just another day.